Seller's Agent in 2024
Ken Lund
Ferrari-Lund Real Estate South
(775) 870-6332
1 in this area
146 Total Sales
571 Saint Lawrence Ave Reno, NV 89509
MidTown NeighborhoodEstimated Value: $991,000 - $1,008,000
4
Beds
2
Baths
2,580
Sq Ft
$388/Sq Ft
Est. Value
Highlights
- Deck
- Wood Flooring
- 5 Car Attached Garage
- Jessie Beck Elementary School Rated A-
- Wood Frame Window
- 5-minute walk to Newlands Park
About This Home
As of May 2024Seize this rare opportunity to purchase a brick masterpiece in historic Newlands Terrace within walking distance of downtown Reno, along with an accessory unit and an oversized 2-car garage (wall between garages). This would be an outstanding property for investors or owner-occupiers wishing to offset their monthly payment with rental income. Home is under contract so open house is cancelled., Original 1,728 sf, 2 bed/2 bath home offers custom brickwork, an attractive front porch, fine craftsmanship, hardwood floors, and lots of storage space. The sq ft includes basement space. Seller mostly finished basement in 2016. 571 1/2 St. Lawrence is a 1988-built 852 sf, 2 bed/1 bath accessory unit atop a spacious garage. Tons of garage space. Separate access from alley. Original home's wiring has been updated and central air and gas furnaces have been added to both units. New roof in 2009 for original home; new roof in 2021 for the back unit. New furnace in back unit in 2022. New water heater in main home in 2022. Portions of sewer line have been replaced. Enjoy the spacious, pleasant, and private backyard with a large deck and a brick workspace with French doors, slate floors, and radiant heating that could be used for a wide variety of purposes (office, storage, workshop, etc.). The oversized garage has a pass-through door into the backyard making it more convenient for the occupant of the original home. Tenants are on month-to-month leases and pay all utilities except for sewer. Current leases are $2,200 per month for main home and and $1,300 for rear unit. Not at full market rent.
Last Agent to Sell the Property
Ferrari-Lund Real Estate South License #BS.144762 Listed on: 02/23/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,419
Year Built
- Built in 1939
Lot Details
- 7,492 Sq Ft Lot
- Back Yard Fenced
- Drip System Landscaping
- Front and Back Yard Sprinklers
- Sprinklers on Timer
Home Design
- Duplex
- Brick or Stone Mason
- Pitched Roof
- Shingle Roof
- Composition Roof
- Wood Siding
- Masonry
Interior Spaces
- 2,580 Sq Ft Home
- 2-Story Property
- Double Pane Windows
- Drapes & Rods
- Blinds
- Wood Frame Window
- Aluminum Window Frames
Kitchen
- Oven
- Gas Range
- Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Carpet
- Ceramic Tile
Laundry
- Dryer
- Washer
Home Security
- Security Lights
- Smart Thermostat
- Fire and Smoke Detector
Parking
- 5 Car Attached Garage
- Alley Access
- Garage Door Opener
Outdoor Features
- Deck
- Patio
- Shed
Schools
- Beck Elementary School
- Swope Middle School
- Reno High School
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Separate Meters
- Individual Gas Meter
- Separate Water Meter
- Gas Water Heater
- Internet Available
- Phone Available
- Satellite Dish
- Cable TV Available
Listing and Financial Details
- Tenant pays for all utilities
- Assessor Parcel Number 01120411
Community Details
Overview
- 2 Buildings
- 2 Units
- The community has rules related to covenants, conditions, and restrictions
Building Details
- Vacancy Allowance $2,100
- Net Operating Income $34,403
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 23, 2024
Closed on
Apr 26, 2024
Sold by
Speedie Charitable Remainder Trust and Speedie Donald
Bought by
Kilbourne Jacob and Kilbourne April
Seller's Agent
Ken Lund
Ferrari-Lund Real Estate South
Buyer's Agent
Tina Reynoso
Compass
List Price
$999,000
Sold Price
$980,000
Premium/Discount to List
-$19,000
-1.9%
Views
169
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,228
Avg. Annual Appreciation
1.48%
Original Mortgage
$712,500
Interest Rate
6.87%
Mortgage Type
New Conventional
Purchase Details
Listed on
Feb 23, 2024
Closed on
Mar 9, 2024
Sold by
Speedie Rachel and Speedie Don
Bought by
Speedie Charitable Remainder Trust and Speedie
Seller's Agent
Ken Lund
Ferrari-Lund Real Estate South
Buyer's Agent
Tina Reynoso
Compass
List Price
$999,000
Sold Price
$980,000
Premium/Discount to List
-$19,000
-1.9%
Views
169
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$712,500
Interest Rate
6.87%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 19, 2017
Sold by
Speedie Don
Bought by
Speedie Don and Speedie Rachel
Purchase Details
Closed on
Mar 30, 2005
Sold by
Speedie Katherine Blair
Bought by
Speedie Donald
Purchase Details
Closed on
Apr 28, 2003
Sold by
Gibson Scott D and Delagarza Mercedes
Bought by
Speedie Donald and Speedie Katherine Blair
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$311,900
Interest Rate
5.61%
Mortgage Type
Unknown
Purchase Details
Closed on
Feb 27, 1996
Sold by
Smith Alan R
Bought by
Gibson Scott D and Delagarza Mercedes
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
7.99%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Kilbourne Jacob | $980,000 | First American Title | |
| Speedie Charitable Remainder Trust | -- | None Listed On Document | |
| Speedie Don | -- | None Available | |
| Speedie Donald | -- | -- | |
| Speedie Donald | $389,900 | Stewart Title Of Northern Nv | |
| Gibson Scott D | $250,000 | Founders Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Kilbourne Jacob | $660,000 | |
| Closed | Kilbourne Jacob | $712,500 | |
| Previous Owner | Speedie Don | $314,500 | |
| Previous Owner | Speedie Donald | $259,900 | |
| Previous Owner | Speedie Donald | $198,000 | |
| Previous Owner | Speedie Donald | $135,000 | |
| Previous Owner | Speedie Donald | $311,900 | |
| Previous Owner | Gibson Scott D | $225,000 | |
| Closed | Speedie Donald | $58,450 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/02/2024 05/02/24 | Sold | $980,000 | -1.9% | $380 / Sq Ft |
| 04/04/2024 04/04/24 | Pending | -- | -- | -- |
| 03/08/2024 03/08/24 | For Sale | $999,000 | +1.9% | $387 / Sq Ft |
| 02/23/2024 02/23/24 | Off Market | $980,000 | -- | -- |
| 02/22/2024 02/22/24 | For Sale | $925,000 | -- | $359 / Sq Ft |
Source: Northern Nevada Regional MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,609 | $112,704 | $65,625 | $47,079 |
| 2024 | $2,609 | $112,971 | $65,625 | $47,346 |
| 2023 | $2,419 | $110,196 | $65,625 | $44,571 |
| 2022 | $2,226 | $87,196 | $50,155 | $37,041 |
| 2021 | $2,061 | $75,223 | $39,130 | $36,093 |
| 2020 | $1,937 | $71,257 | $35,000 | $36,257 |
| 2019 | $1,846 | $69,511 | $34,580 | $34,931 |
| 2018 | $1,762 | $61,905 | $28,000 | $33,905 |
| 2017 | $1,691 | $61,905 | $28,000 | $33,905 |
| 2016 | $1,648 | $63,598 | $29,400 | $34,198 |
| 2015 | $1,646 | $46,718 | $12,600 | $34,118 |
| 2014 | $1,594 | $43,291 | $10,500 | $32,791 |
| 2013 | -- | $44,178 | $11,690 | $32,488 |
Source: Public Records
Agents Affiliated with this Home
-
Ken Lund
-
Alicia Lund
Seller Co-Listing Agent in 2024
Alicia Lund
Ferrari-Lund Real Estate South
(775) 870-6332
1 in this area
85 Total Sales
-
Tina Reynoso
Buyer's Agent in 2024
Tina Reynoso
Compass
(775) 682-0477
1 in this area
71 Total Sales
Map
Source: Northern Nevada Regional MLS
MLS Number: 240001812
APN: 011-204-11
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